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New Covenant Income NCICX

Medalist Rating as of | See New Covenant Investment Hub
  • NAV / 1-Day Return 20.60  /  +0.30 %
  • Total Assets 333.4 Mil
  • Adj. Expense Ratio
    0.800%
  • Expense Ratio 0.800%
  • Distribution Fee Level High
  • Share Class Type No Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 500
  • Status Open
  • TTM Yield 2.83%
  • Effective Duration 4.59 years

USD | NAV as of Feb 23, 2024 | 1-Day Return as of Feb 23, 2024, 11:18 PM GMT+0

Morningstar’s Analysis NCICX

Will NCICX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

New Covenant Income's recent fee cut is n't enough to counter the impact of its decreased Process Pillar rating, resulting in a downgrade to this strategy's Morningstar Medalist Rating to Negative from Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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Portfolio Holdings NCICX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 5.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

3 Month SOFR Future Dec 25

7.32 27.9 Mil
Government

3 Month SOFR Future Dec 24

3.07 11.7 Mil
Government

Ultra 10 Year US Treasury Note Future Dec 23

2.64 10.0 Mil
Government

SEI Government Institutional (SDIT)

2.38 9.1 Mil
Cash and Equivalents

United States Treasury Notes 0.75%

1.91 7.3 Mil
Government

5 Year Treasury Note Future Dec 23

1.69 6.4 Mil
Government

United States Treasury Notes 3.5%

1.64 6.2 Mil
Government

3 Month SOFR Future Dec 23

1.61 6.1 Mil
Government

United States Treasury Notes 3.625%

1.48 5.6 Mil
Government

United States Treasury Notes 3.125%

1.41 5.4 Mil
Government